Town Sports International Holdings Inc. (NASDAQ:CLUB) has been given a consensus broker rating score of 1.00 (Strong Buy) from the one brokers that cover the company, Zacks Investment Research reports. One equities research analyst has rated the stock with a strong buy recommendation.
Brokerages have set a twelve-month consensus target price of $5.00 for the company and are predicting that the company will post ($0.17) EPS for the current quarter, according to Zacks. Zacks has also given Town Sports International Holdings an industry rank of 184 out of 265 based on the ratings given to its competitors.
Separately, Zacks Investment Research upgraded Town Sports International Holdings from a “hold” rating to a “strong-buy” rating and set a $3.00 price objective on the stock in a research note on Wednesday, August 3rd.
Shares of Town Sports International Holdings (NASDAQ:CLUB) opened at 3.20 on Friday. The firm has a market cap of $80.28 million, a price-to-earnings ratio of 1.04 and a beta of 2.63. Town Sports International Holdings has a 12-month low of $0.92 and a 12-month high of $3.97. The firm has a 50-day moving average price of $2.92 and a 200-day moving average price of $2.91.
Town Sports International Holdings (NASDAQ:CLUB) last released its earnings results on Thursday, July 28th. The company reported $0.79 earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.21) by $1.00. Equities research analysts anticipate that Town Sports International Holdings will post $0.24 EPS for the current year.
In other Town Sports International Holdings news, Director Patrick Walsh acquired 109,723 shares of the company’s stock in a transaction on Monday, August 22nd. The shares were purchased at an average price of $2.43 per share, for a total transaction of $266,626.89. Following the completion of the purchase, the director now directly owns 299,294 shares of the company’s stock, valued at $727,284.42. The transaction was disclosed in a document filed with the SEC, which is available through this link. 19.80% of the stock is owned by company insiders.
Institutional investors have recently made changes to their positions in the company. Renaissance Technologies LLC raised its position in shares of Town Sports International Holdings by 5.1% in the first quarter. Renaissance Technologies LLC now owns 1,054,100 shares of the company’s stock worth $3,025,000 after buying an additional 51,000 shares during the period. GSA Capital Partners LLP raised its position in shares of Town Sports International Holdings by 32.8% in the second quarter. GSA Capital Partners LLP now owns 65,352 shares of the company’s stock worth $178,000 after buying an additional 16,159 shares during the period. Vanguard Group Inc. raised its position in shares of Town Sports International Holdings by 0.4% in the second quarter. Vanguard Group Inc. now owns 748,911 shares of the company’s stock worth $2,037,000 after buying an additional 2,712 shares during the period. Finally, Bank of New York Mellon Corp raised its position in shares of Town Sports International Holdings by 1.8% in the second quarter. Bank of New York Mellon Corp now owns 39,016 shares of the company’s stock worth $106,000 after buying an additional 704 shares during the period. Institutional investors own 62.29% of the company’s stock.
About Town Sports International Holdings
Town Sports International Holdings, Inc (Town Sports) is an owner and operator of fitness clubs in the Northeast and Mid-Atlantic regions of the United States. The Company, through its subsidiaries, operates over 150 fitness clubs (clubs) and approximately three BFX Studio (studio) locations. The Company’s operating segments include New York Sports Clubs (NYSC), Boston Sports Clubs (BSC), Philadelphia Sports Clubs (PSC), Washington Sports Clubs (WSC), Swiss Sports Clubs and BFX Studio.
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